CSL seeks extension to file financial statements

Publish date: Thu, 17 Apr 2014, 08:42 PM
KUALA LUMPUR: China Stationery Ltd (CSL) has applied to Bursa Malaysia Securities Bhd for an extension of time by two months from deadline to comply with Main Market listing requirements.
In a filing to Bursa Malaysia, CSL said it was required to announce its consolidated financial statements for the group for financial year ended Dec 31, 2013 within a period not exceeding four months from the close of the financial year, which would be April 30, 2014.
It said the fire at one of its plants in Fujian Province, China has seriously affected the company's production capacity, causing interuptions to some of the group's operations.
CSL said as a result of the fire incident, it was unable to proceed with its planned schedule to obtain walk-in bank confirmations, sight of fixed assets, as well as complete its audit fieldwork for units in China.
The above procedures were crucial for us to issue an audit opinion on the group's financial statements for the financial year ended Dec 31, 2013, it said.
"The police are in the midst of investigating the fire incident for the time being," it said
The fire that broke out in the early hours of April 4, 2014 also destroyed the company's financial records and company legal stamps stored in the administration office. -- Bernama

Labels: CSL

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kingcobra

BOLIH CAYA KAH?

2014-04-17 21:22

venomv

"AS a result of the fire incident, it was unable....to obtain walk in bank confirmation, sight of fixed assets"
I didn't know the Agricultural Bank of China was also burnt down !!!!
What a joke!

2014-04-18 05:51

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